Denver-based Sage Hospitality announced Monday the purchase of seven Courtyard by Marriott hotels in partnership with Whitman Peterson .

Sage Hospitality said the purchase marks a highly focused investment strategy by Sage and Whitman Peterson. The company said they plan to acquire a sizable portfolio of select-service hotels in need of “high-impact capital, operational, and/or brand improvements.”

The first portfolio of hotels will bring Sage’s management portfolio up to more than 60 hotels nationwide.

The properties are located in business-oriented markets in Atlanta, Dallas, Detroit and Cleveland.

Each hotel will receive significant capital for guestroom and public space renovations, which include the addition of the Marriott Courtyard Refreshing Business Lobby, including the “Bistro” dining concept.

The company said that once completed, the hotels will be better equipped to regain their leading positions within each submarket.

Michael Everett, chief investment officer at Sage Hospitality, said the transaction represents “precisely the type of opportunity on which Sage and Whitman Peterson are uniquely qualified to execute.

“Our national investment, operating, and capital projects teams allow us to source, reposition and efficiently operate one-off assets of large portfolios across the country,” said Everett.

More in News

As news of the deadly mass shooting at Marjory Stoneman Douglas High School in Parkland, Florida, unfolded last week, Pia Guerra, a 46-year-old Vancouver-based artist, felt helpless. She couldn’t bring herself to go to sleep, so she began to draw.

Police who find suspected drugs during a traffic stop or an arrest usually pause to perform a simple task: They place some of the material in a vial filled with liquid. If the liquid turns a certain color, it’s supposed to confirm the presence of cocaine, heroin or other narcotics.

Doctors in Syria’s rebel-controlled suburbs of Damascus said Wednesday they were unable to keep up with the staggering number of casualties, amid a ferocious bombing campaign by government forces that has targeted hospitals, apartment blocks and other civilian sites, killing and wounding hundreds of people in recent days.

The Supreme Court ruled unanimously Wednesday that whistleblower protections passed by Congress in the wake of the financial crisis of 2008 apply only when those alleging corporate misdeeds bring their information to the government.